The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1887-09-29

and a whole bushel of letters on tSsst,
subject.
We expect to sell to the biobost
bidders-spinners or buyers-we Will
be able to give them information Of
any time, as to where there is cotton
in Texas.
We can offer any quantity of cotton
in round lots and let the purchaser
have just what he wants, thus ~seJIina
every bale on it's merits and not ns;noo
the good to sell the bad. 1t has ber36
the custom that good cotton had ~
carry the bad with it. Our svstom
will be of great advantage to the spin.
ner and buyers, as through it they can
purchase what they want without oct.
ting overs. What is meant by overs
is this: Under the present system a
purchaser who wants twenty-five bales
of a certain grade cannot pick it out
without having to purchase other
qualities with it. These qualities are
overs. Thus we take it, our system
will be all advantage to legitimate
buyers as we'll as to farmers. TAKING
into consideration the influence we
possess in securing favorable rates Of
transportation, we will save from
three-eighths to half a cent a pound,
The saving in the aggregate on the
cotton we expect to sell through the
Exchange this year will amount to
about a million dollars.
We have met with much encour.
agement from Eastern manufacturers.
[ visited the treasurer of the mills at
Boston, Fall River and Providence,
and found them disposed to buy direct
from the Exchange, but hat will de.
pend on the inducements, notably the
certainty of a sufficient supply to meet
their demands, for they are very par.
ticular about having their orders filled
as they want them. They will act
cautiously until we convince them
that we can do what we say.
I think that the mills, on account
of the trouble they have had, are dis.
posed to deal more directly than they
have been doing. Some of them re-
fused to change their system of deal
ing with brokers, but quite a number
of them are willing to try us.
We will, by our system, be able to
render an account of the sales to ALI
ance yards. giving shipping directions
and authorize them to draw on the
bill of lading, on us generally, in this
city.
[ will start out two men tomorrow
Or next day to visit yards all over
the State, and instruct the yard agents
in sampling, marking and shipping.
Yard expenses in cities like Dallas,
where rents and insurance are high,
will cost 35 cents a bale, and in small
places 25 cents. This estimate in.
cludes sampling, shipping and 80
days storage.
The yard certificates can be used as
collateral at the banks, in some cases,
but some yards advance without IN
terest.
The Exchange will be. used also for
the distribution of stock and gram:
We will have our bulletin boards, and
any one who wants to purchase gram
or dry stock can come in and do So
He can tell how many cattle there are
on the market where they are, what
kind they are and get prices on apPli
cation.
We have stock agents in counties
and we have done a little stock busl,
ness already in the Exchange. .
1t will be a part Of the business Of
the Exchange to do the purchasing Of
dry goods, groceries, hardware ana
such other commodities as are usea
by the Alliance for a large number Oh
stores, perhaps not less than a nun.
dred, besides a great many orders
bulked in communities where InG 10
Alliance have no stores, and we Will
do this purchasing from the whole,
sale houses in Dallas, if we get a'
satisfactory prices there as elseWnele,
We have for six months refused "
place business of that character Oe,
cause I could not give it my persona
supervision, but I can do so from 'll'
time on.
We expect in the first SIX months
putting it at a low estimate, to Puft
chase $3.50, 900 to S350,OOO worth 81
goods and groceries. In saying Ini'
[ want to put it lower than 1t Will 0e'
I don't want to brag.
We hope to commence worh o4 ~
our Exchange building by the hrSS u
January tho1Uh that will dePeHu